Oceaneering International, Inc. $OII Holdings Trimmed by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its position in shares of Oceaneering International, Inc. (NYSE:OII) by 0.4% during the first quarter, Holdings Channel.com reports. The fund owned 3,461,749 shares of the oil and gas company’s stock after selling 15,319 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Oceaneering International were worth $122,780,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Oceaneering International in the 3rd quarter worth approximately $28,000. EverSource Wealth Advisors LLC boosted its stake in shares of Oceaneering International by 335.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock worth $30,000 after acquiring an additional 1,111 shares in the last quarter. Quarry LP acquired a new stake in shares of Oceaneering International during the third quarter worth $30,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Oceaneering International during the first quarter valued at $53,000. Finally, Hantz Financial Services Inc. increased its stake in Oceaneering International by 248.8% in the 4th quarter. Hantz Financial Services Inc. now owns 2,281 shares of the oil and gas company’s stock worth $55,000 after purchasing an additional 1,627 shares in the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on OII. Barclays lifted their target price on shares of Oceaneering International from $39.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday. Wall Street Zen raised shares of Oceaneering International from a “hold” rating to a “buy” rating in a research note on Saturday. TD Cowen increased their target price on Oceaneering International from $34.00 to $36.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of Oceaneering International in a research report on Friday, May 22nd. Finally, Citigroup increased their price objective on Oceaneering International from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $41.00.

Insider Activity at Oceaneering International

In related news, CEO Roderick A. Larson sold 5,000 shares of Oceaneering International stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $38.27, for a total transaction of $191,350.00. Following the sale, the chief executive officer directly owned 397,279 shares of the company’s stock, valued at $15,203,867.33. This trade represents a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Oceaneering International Price Performance

Shares of NYSE:OII opened at $52.16 on Tuesday. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 14.99 and a beta of 1.15. The business has a 50 day moving average price of $40.08 and a 200 day moving average price of $36.25. The company has a quick ratio of 1.90, a current ratio of 2.18 and a debt-to-equity ratio of 0.42. Oceaneering International, Inc. has a twelve month low of $20.79 and a twelve month high of $53.98.

About Oceaneering International

Oceaneering International, Inc is a global provider of engineered services and products primarily to the offshore oil and gas industry, as well as to aerospace, defense, and commercial diving markets. The company specializes in remotely operated vehicles (ROVs), subsea intervention, and inspection services designed to support exploration, production and maintenance activities in challenging underwater environments. In addition to ROV operations, Oceaneering offers asset integrity solutions, specialized tooling, and intervention equipment for pipelines, risers, and flowlines.

Founded in 1964 and headquartered in Houston, Texas, Oceaneering has grown through both organic expansion and strategic acquisitions.